Ingersoll Rand Inc’s board of directors has appointed Vicente Reynal as chairman of the company.
Reynal will assume the chairman function along with his roles of president and CEO of Ingersoll Rand.
He succeeds Pete Stavros, who retires from the Ingersoll Rand board after serving as chairman since 2013. Stavros is a partner at KKR and is co-head of its non-public equity business in the Americas and co-chair of its Inclusion and Diversity Council.
“I am retiring from the chairman function with the absolute confidence that Vicente is the right person to lead Ingersoll Rand into the following phase of its growth story,” mentioned Stavros. “His experience in transformative management and worthwhile progress, while focusing on employee ownership and engagement, might be instrumental to the company’s future success.”
ขนาดpressuregauge joined the company in 2015 as CEO of the Gardner Denver Industrials Segment, and was named president and CEO in 2016. He has served as president and CEO of Ingersoll Rand since March 2020, when he led the merger between Gardner Denver and the Industrials Segment of Ingersoll-Rand plc.
“Coming from a small, rural Puerto Rican town, I had a deep passion to obtain success and assist others alongside the means in which,” said Reynal. “With the chairman position, I’m excited to carry ahead the shared philosophy Pete and I even have that broad-based employee possession and being a function and value driven organisation are foundational parts of long-term efficiency and shareholder value creation.”
Josh Weisenbeck, a partner in KKR’s non-public fairness enterprise and chief of its Industrial group, has also retired from the Ingersoll Rand board.
William (Bill) Donnelly has been appointed as Ingersoll Rand’s lead director. Donnelly, retired govt vice president and chief monetary officer of Mettler-Toledo International Inc, has served on the Ingersoll Rand board since 2017.
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